Allegion plc (NYSE:ALLE) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC cut its position in Allegion plc (NYSE:ALLE - Free Report) by 15.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,511 shares of the scientific and technical instruments company's stock after selling 2,101 shares during the period. Janus Henderson Group PLC's holdings in Allegion were worth $1,505,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Jefferies Financial Group Inc. purchased a new stake in Allegion during the 4th quarter valued at about $1,329,000. Gotham Asset Management LLC boosted its holdings in shares of Allegion by 714.6% during the 4th quarter. Gotham Asset Management LLC now owns 15,494 shares of the scientific and technical instruments company's stock worth $2,025,000 after purchasing an additional 13,592 shares during the last quarter. Graham Capital Management L.P. grew its position in shares of Allegion by 662.4% in the fourth quarter. Graham Capital Management L.P. now owns 39,654 shares of the scientific and technical instruments company's stock valued at $5,182,000 after purchasing an additional 34,453 shares in the last quarter. Focus Partners Wealth acquired a new stake in shares of Allegion in the fourth quarter valued at approximately $308,000. Finally, Ensign Peak Advisors Inc lifted its position in Allegion by 34.3% during the fourth quarter. Ensign Peak Advisors Inc now owns 49,522 shares of the scientific and technical instruments company's stock worth $6,472,000 after buying an additional 12,657 shares in the last quarter. 92.21% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Allegion

In related news, SVP David S. Ilardi sold 789 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $125.28, for a total transaction of $98,845.92. Following the sale, the senior vice president now directly owns 9,625 shares in the company, valued at approximately $1,205,820. This represents a 7.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Tracy L. Kemp sold 2,032 shares of Allegion stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $126.74, for a total transaction of $257,535.68. Following the completion of the transaction, the senior vice president now owns 10,273 shares of the company's stock, valued at $1,302,000.02. This represents a 16.51% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.33% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on ALLE shares. Robert W. Baird upped their target price on Allegion from $144.00 to $150.00 and gave the company a "neutral" rating in a report on Friday, April 25th. Wells Fargo & Company reduced their target price on Allegion from $140.00 to $135.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 19th. Morgan Stanley upped their price target on Allegion from $137.00 to $139.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 19th. Wall Street Zen downgraded Allegion from a "buy" rating to a "hold" rating in a research report on Friday, March 7th. Finally, Barclays upped their target price on shares of Allegion from $126.00 to $128.00 and gave the company an "underweight" rating in a research report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $140.40.

Allegion Trading Down 0.6%

Shares of ALLE stock traded down $0.82 on Wednesday, hitting $143.71. The stock had a trading volume of 104,425 shares, compared to its average volume of 849,492. The company's 50 day moving average price is $133.41 and its 200-day moving average price is $133.10. Allegion plc has a 1 year low of $113.27 and a 1 year high of $156.10. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.04 and a quick ratio of 1.43. The firm has a market capitalization of $12.37 billion, a P/E ratio of 21.07, a P/E/G ratio of 3.97 and a beta of 1.02.

Allegion (NYSE:ALLE - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The scientific and technical instruments company reported $1.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.68 by $0.18. The company had revenue of $941.90 million for the quarter, compared to analyst estimates of $918.53 million. Allegion had a net margin of 15.84% and a return on equity of 45.12%. The business's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.55 earnings per share. Analysts anticipate that Allegion plc will post 7.77 earnings per share for the current year.

Allegion Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date is Friday, June 13th. Allegion's dividend payout ratio is currently 28.65%.

Allegion Company Profile

Allegion plc manufactures and sells mechanical and electronic security products and solutions worldwide. The company offers door controls and systems and exit devices; locks, locksets, portable locks, and key systems and services; electronic security products and access control systems; time, attendance, and workforce productivity systems; doors, accessories, and other.